Strongbow Exploration Inc. is pleased to announce that it has closed, subject to receipt of final approval from the TSX Venture Exchange , the non-brokered private placement of common shares previously announced on January 16, 2020 and January 31, 2020. Gross proceeds of $2,352,500, including $1,500,000 from Osisko Gold Royalties Ltd. , is expected to be used for a drill programme at the Company’s South Crofty tin [...]
Strongbow Exploration Inc. is pleased to announce that, further to the news release dated January 16, 2020, it has increased the previously announced non-brokered private placement financing from $2,000,000 to $2,352,500. The proceeds from the private placement will be used for a drill programme at the Company’s South Crofty tin project, and for general working capital purposes. Completion of the private placement [...]
Strongbow Exploration Inc. announces that it plans to raise $2,000,000 through a non-brokered private placement of 40,000,000 Units of the Company, priced at $0.05 per Unit. Each Unit comprises one common share and one half of one common share purchase warrant. Each full warrant will allow the holder to purchase one common share of Strongbow at a price of $0.07 for a period of 36 months from the closing date of the [...]
Strongbow Exploration Inc. is pleased to report that, pursuant to receipt of disinterested shareholder approval at its recently held AGM, it has concluded the agreement with Osisko Gold Royalties for the settlement of a $1,500,000 loan to the Company in return for the transfer of a royalty on Westhaven Ventures Inc.’s Shovelnose property . The loan was granted to Strongbow in 2016 for the purpose of purchasing [...]
Strongbow Exploration Inc. herein reports the results of its Annual General and Extraordinary Meeting held Thursday August 29. All of the resolutions presented to the shareholders were approved , including disinterested shareholder approval by an ordinary resolution of the sale of the Shovelnose Royalty to Osisko Gold Royalties Ltd., as more fully described in the Information Circular. Votes representing 40,094,092 shares [...]
Strongbow Exploration Inc. is pleased to announce that the requirement for the listing on the AIM – London Stock Exchange under the amended Share Purchase Agreement with Galena Special Situations Master Fund Limited , and Tin Shield Production Inc regarding the South Crofty tin project, has been extended to December 31, 2019 . Richard Williams, Strongbow CEO, stated “We would like to thank Galena and Tin [...]
Strongbow Exploration Inc. is pleased to report that it has reached agreement with Osisko Gold Royalties for the settlement of a $1,500,000 loan to the Company in return for the transfer of a royalty on Westhaven Ventures Inc. Shovelnose property. Background On March 16, 2016, Strongbow announced that it had drawn down $1,500,000 from a Line of Credit with its largest shareholder Osisko Gold Royalties, for the purchase of [...]
Strongbow Exploration Inc. is pleased to report that, following the news release of December 21, 2018, Cornwall Council has voted overwhelmingly in support of a £1M investment into Strongbow Exploration Inc., subject to Strongbow completing a dual listing on the London’s AIM Exchange. The terms of the investment will be subject to market conditions at the time the investment is completed. Richard Williams, Strongbow [...]
Strongbow Exploration Inc. is pleased to report that Cornwall Council cabinet has voted unanimously in favour of a proposed £1M investment into Strongbow Exploration Inc. The proposed investment is subject to full council approval, and is scheduled to be voted on at a council meeting in late February 2019. The proposed investment is also subject to the Company completing a dual listing on London’s AIM exchange, a [...]
Strongbow Exploration Inc. is pleased to announce that the requirement for the listing on the AIM – London Stock Exchange under the amended Share Purchase Agreement with Galena Special Situations Master Fund Limited , and Tin Shield Production Inc regarding the South Crofty tin project, has been extended from December 31, 2018 to June 20, 2019 . The amended terms of the SPA require Strongbow to make the following [...]
Strongbow Exploration Inc. congratulates Westhaven Ventures Inc. on its high grade gold discovery at the Shovelnose project, located in southern B.C., Canada . Through various historic transactions, Strongbow is the holder of 3,100,000 common shares of Westhaven and also holds a 2% NSR royalty on the Shovelnose project. Westhaven has the right to purchase 50% of the royalty from Strongbow for $500,000 at any time. For [...]
Strongbow Exploration Inc. is pleased to announce that, in connection with its proposed dual listing on the AIM market of the London Stock Exchange, its wholly owned subsidiary, Western United Mines Limited , has entered into a conditional five per cent “synthetic” tin warrant offtake agreement with OMF Fund II H LTD. , an affiliate of Orion Mine Finance . The terms of the Offtake Agreement can be summarised [...]